Alpha and Omega Semiconductor (NASDAQ:AOSL) Director Mike Chang Buys 33,727 Shares

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Director Mike Chang bought 33,727 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of $19.00 per share, with a total value of $640,813.00. Following the transaction, the director owned 4,369,574 shares in the company, valued at approximately $83,021,906. This represents a 0.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alpha and Omega Semiconductor Stock Performance

AOSL traded up $0.27 during trading hours on Tuesday, hitting $20.12. 367,656 shares of the stock were exchanged, compared to its average volume of 277,904. The stock has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $23.90. Alpha and Omega Semiconductor Limited has a 12 month low of $15.90 and a 12 month high of $33.01.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The business had revenue of $162.26 million during the quarter, compared to the consensus estimate of $160.67 million. Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. Equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on AOSL shares. Zacks Research downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, February 6th. Finally, Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $23.67.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock valued at $68,613,000 after buying an additional 33,959 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Alpha and Omega Semiconductor by 4.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock worth $32,263,000 after purchasing an additional 73,631 shares in the last quarter. State Street Corp lifted its holdings in shares of Alpha and Omega Semiconductor by 21.6% during the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after buying an additional 262,117 shares during the last quarter. Boston Partners grew its stake in shares of Alpha and Omega Semiconductor by 86.4% in the 2nd quarter. Boston Partners now owns 1,109,377 shares of the semiconductor company’s stock valued at $28,467,000 after buying an additional 514,240 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Alpha and Omega Semiconductor by 15.0% in the third quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after buying an additional 113,077 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.